NOVEMBER.BE
ActiveNOVEMBER.BE has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €164k and a net result of €77k. Equity is growing by ~9.5% per year across the filed fiscal years. Its solvency ranks better than 58% of 6974 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
89
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100▲+95
Solvency88▲+16
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €14k at 30 days acceptable
Liquidity ample (current ratio 1.93 against 0.03 in 2024; short-term debt: 36.2% and cash: 68.1% of total assets), and 37% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
63%
Return on assets
29.4%
Age of the figures
12 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 13-04-2026, 17 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
17 d early
2024
2 d early
2023
1 d early
2022
3 d early
2021
10 d early
2020
38 d early
2019
15 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
18-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€164k▲ 81.1%
2024 · €91k
2018: €56k
2019: €78k
2020: €114k
2021: €143k
2022: €137k
2023: €114k
2024: €91k
2018 → 2025
Total assets
€260k▲ 34.9%
2024 · €193k
2018: €305k
2019: €272k
2020: €285k
2021: €291k
2022: €238k
2023: €212k
2024: €193k
2018 → 2025
Net result
€77k
2024 · €-21k
2018: €22k
2019: €23k
2020: €36k
2021: €30k
2022: €-14k
2023: €-22k
2024: €-21k
2018 → 2025
Working capital
€88k
2024 · €-97k
2018: €6k
2019: €27k
2020: €67k
2021: €94k
2022: €-54k
2023: €-80k
2024: €-97k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€143k-€137k▼ 4.0%€114k▼ 17.2%€91k▼ 20.2%€164k▲ 81.1%
Operating result€43k-€-15k€-23k▼ 52.7%€-22k▲ 1.7%€85k
Net result€30k-€-14k€-22k▼ 52.0%€-21k▲ 1.8%€77k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €85k after a loss of €22k in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €260k
Fixed assets
€79k▼ 58.6%
Current assets
€182k▲ 5,335%
Equity and liabilities €260k
Equity
€164k▲ 81.1%
Provisions
€2k▼ 19.2%
Debt
€95k▼ 5.7%
The debt ratio falls from 52.1% to 36.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€94k▲
2024 · €-7k
Cash flow
€85k▲
2024 · €-6k
Solvency
63.0%▲
2024 · 46.9%
Current ratio
1.93▲
2024 · 0.03
Quick ratio
1.93▲
2024 · 0.03
Debt / equity
0.58▼
2024 · 1.11
ROE
46.7%▲
2024 · -23.7%
ROA
29.4%▲
2024 · -11.1%
Interest coverage
453.15▲
2024 · -9.51
Debt
€95k▼
2024 · €101k
Debt ≤ 1 year
€94k▼
2024 · €100k
Income taxes
€12k▲
2024 · €295
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€193k€260k▲
Fixed assets21/28€190k€79k▼
Tangible fixed assets22/27€190k€79k▼
Land and buildings22€190k€79k▼
Current assets29/58€3k€182k▲
Amounts receivable within one year40/41€1k€5k▲
Trade receivables40-€247
Other amounts receivable41€1k€4k▲
Cash at bank and in hand54/58€2k€177k▲
Equity and liabilities
Total equity and liabilities10/49€193k€260k▲
Equity10/15€91k€164k▲
Contributions10/11€30k€30k=
Reserves13€109k€128k▲
Non-distributable reserves130/1€3k€3k=
Reserves not available under the articles1311€3k€3k=
Distributable reserves133€106k€125k▲
Profit (loss) carried forward14€-56k-
Investment grants15€8k€6k▼
Provisions and deferred taxes16€2k€2k▼
Deferred taxes168€2k€2k▼
Amounts payable17/49€101k€95k▼
Amounts payable within one year42/48€100k€94k▼
Current portion of amounts payable after more than one year42€8k-
Trade debts44€4k€4k▲
Suppliers440/4€4k€4k▲
Taxes, remuneration and social security45€295€606▲
Taxes450/3€295€606▲
Other amounts payable47/48€87k€90k▲
Accrued charges and deferred income492/3€513€528▲
Income statement
Code20242025
Non-recurring operating income76A-€110k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€15k€9k▼
Other operating charges640/8€3k€2k▼
Gross operating margin9900€-4k€96k▲
Operating profit (loss)9901€-22k€85k▲
Financial income75/76B€2k€3k▲
Recurring financial income75€2k€3k▲
Financial charges65/66B€736€207▼
Recurring financial charges65€736€207▼
Profit (loss) for the period before taxes9903€-22k€88k▲
Transfer from deferred taxes780€380€375▼
Income taxes67/77€295€12k▲
Profit (loss) for the period9904€-21k€77k▲
Profit (loss) for the period to be appropriated9905€-21k€77k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-56k€20k▲
Profit (loss) brought forward from the previous period14P€-35k€-56k▼
Transfer to equity691/2-€19k
To other reserves6921-€19k
Profit to be distributed694/7-€2k
Return on contributions (dividend)694-€2k
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
13-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
Financial
Back to profitnet €77k
Net result €77k after 3 loss-making years.
30-09
Financial
Liquidity times 58current ratio 1.93
Current ratio from 0.03 to 1.93; short-term debt falls from €100k to €94k.
30-09
Financial
Equity above €150kEq €164k ▲81.1%
Equity rises from €91k to €164k.
28-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
29-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-09
Financial
Weakest financial yearnet €-22k
Net result drops to €-22k, the lowest in the series; recovery starts the following year.
27-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
20-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
23-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-09
Financial
Equity above €100kEq €114k ▲45.5%
3 profitable years in a row build equity to €114k.
15-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
08-03
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
26-02
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
09-03
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Poperinge · 1 establishment unit since 2005
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Alexisplein 168972 PoperingeGround area
3,323 m²
Building footprint
437 m²
Volume, LiDAR
3,151 m³
2 parcels, Flanders · tallest building 12.8 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Marcel
since 20052.145.054.139
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 33022B0134/00B000 | Flanders | 2,967 m² | 1 · 264 m² | 12.8 m · 3 fl. |
| 33028A0409/02B000 | Flanders | 356 m² | 1 · 173 m² | 10.6 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
2 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
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Of 9,862 companies in sector 73110 we hold annual accounts for 3,755. 2,905 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded30-12-2004
Fiscal year end30-09
Activities, NACEBEL
73110Advertising agencies
74401
55203Holiday cottages, homes and apartments
55232
64200Holdings
64210Activities of holding companies
74151
Sources
Crossroads Bank for EnterprisesNational Bank · 20 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.